16 PLI projects get nod in Rs 10.5-trillion electronics manufacturing push

Apart from helping the overall electronics ecosystem in the country, this move will turn Apple's fortunes in India, according to analysts

The Centre on Tuesday approved 16 proposals from marquee brands, including makers of Apple devices, under two new flagship schemes, in a move expected to fetch Rs 11,000-crore additional investments in local electronics manufacturing. In turn, this would imply production worth Rs 10.5 trillion over the next five years, giving a fillip to Prime Minister Narendra Modi’s Make in India and Atma Nirbhar Bharat schemes. 

A statement issued by the Ministry of Electronics and Information Technology said that of the total, Rs 6.5 trillion worth of electronic goods will be exported by 2025 under the Production Linked Incentive (PLI) plan.

As part